Livermore Investments GroupLSE:LIV -1.54%37 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates LSE:LIV with a GF Score™ of 37/100 and a GF Value™ of £0.47 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,597 Asset Management companies, Livermore Investments Group ranks better than 82.72% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Livermore Investments Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Livermore Investments Group's Piotroski F-Score or its related term are showing as below:
LSE:LIV'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Livermore Investments Group was 9. The lowest was 4. And the median was 6.
Livermore Investments Group (LSE:LIV) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Livermore Investments Group Piotroski F-Score Related Terms
Livermore Investments Group Piotroski F-Score Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Livermore Investments Group Piotroski F-Score Chart
LSE:LIV vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Livermore Investments Group's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Livermore Investments Group Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Livermore Investments Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Livermore Investments Group's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Livermore Investments Group's current Net Income (TTM) was 3.98.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Livermore Investments Group's current Cash Flow from Operations (TTM) was 8.64.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Livermore Investments Group's return on assets of this year was 0.03498114. Livermore Investments Group's return on assets of last year was 0.04722275.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Livermore Investments Group's gearing of this year was 0. Livermore Investments Group's gearing of last year was 0.00293679.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Livermore Investments Group's current ratio of this year was 34.69186047. Livermore Investments Group's current ratio of last year was 30.61006459.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Livermore Investments Group's number of shares in issue this year was 165.355. Livermore Investments Group's number of shares in issue last year was 165.355.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Livermore Investments Group's net margin of this year was 0.51421556. Livermore Investments Group's net margin of last year was 0.53125956.
==> Last year's net margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Livermore Investments Group's asset turnover of this year was 0.06802817. Livermore Investments Group's asset turnover of last year was 0.08888828.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Livermore Investments Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Livermore Investments Group (LSE:LIV) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Livermore Investments Group and its competitors. This is near median its historical median of 6.00. Over the past decade, Livermore Investments Group's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Livermore Investments Group ranks #276 out of 1597 companies in the Asset Management industry, placing it in the top 17.3%.
Is Livermore Investments Group's Piotroski F-Score too high?
Livermore Investments Group's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Asset Management industry median Piotroski F-Score is 5.00. Livermore Investments Group's value of 6 is 20% above this industry median. Based on the distribution chart, Livermore Investments Group ranks #276 out of 1597 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Livermore Investments Group has a GF Score™ of 37/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Livermore Investments Group's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Livermore Investments Group ranks #276 out of 1597 companies for Piotroski F-Score. This places Livermore Investments Group in the top 17% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Livermore Investments Group's value of 6 is 20% above this benchmark. Historically, Livermore Investments Group's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Livermore Investments Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,597 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Livermore Investments Group's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Livermore Investments Group and its competitors. For the Asset Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Livermore Investments Group's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Livermore Investments Group stock overvalued right now?
Based on GuruFocus' analysis, Livermore Investments Group (LSE:LIV) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.47, compared to a current price of £0.38 — trading 18.3% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Asset Management industry median of 5.00. Livermore Investments Group's overall GF Score™ is 37/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Livermore Investments Group (LSE:LIV), the current Piotroski F-Score is 6 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Livermore Investments Group (LSE:LIV) Overvalued in 2026?
Based on GuruFocus' analysis, Livermore Investments Group stock appears to be undervalued.
The current stock price of £0.38 is trading 18.3% below its estimated GF Value™ of £0.47.
GuruFocus considers Livermore Investments Group to be Modestly Undervalued.
Key valuation signals for LSE:LIV:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: £0.47 vs. price of £0.38 (18.3% below fair value)
Industry Position: 20% above the Asset Management median (#276 of 1597)
No single metric tells the full story. See the LSE:LIV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Livermore Investments Group Ltd is an investment company. The principal activity of the Company is to carry out investment activities. Its primary investment objective is to generate high current income and regular cash flows. Its portfolio focuses on fixed income instruments, which generate regular cash flows and include exposure mainly to senior secured and usually broadly syndicated U.S. loans, and to a limited extent emerging market debt through investments in Collateralized Loan Obligations (CLOs).
37GF Score
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